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Tarsus Pharmaceuticals to present at three investor conferences in May 2026
Tarsus Pharmaceuticals announced its management will participate in three upcoming investor conferences in May 2026: Bank of America Securities Health Care Conference on May 12, H.C. Wainwright BioConnect Investor Conference on May 19, and Stifel Vir...
Oil prices drop below $100 while gasoline prices hit highest since 2022, boosting refiners' profits.
Crude oil prices fell below $96 a barrel amid ceasefire talks, but gasoline prices rose to $4.56 per gallon, the highest since summer 2022. This divergence is driving refining profit margins, measured by the 3-2-1 crack spread, to a near-record $56.2...
IREN expands AI cloud platform to Europe by acquiring Spain's Nostrum Group, adding 490MW power capacity.
IREN Limited has agreed to acquire Nostrum Group, a Spanish data center developer, marking its entry into the European market. This acquisition adds about 490MW of secured, grid-connected power in Spain and expands IREN's power portfolio to 5GW, supp...
Acumen Pharmaceuticals to present at Bank of America 2026 Health Care Conference on May 14.
Acumen Pharmaceuticals, a clinical-stage biotech company focused on Alzheimer's disease treatments, will participate in a fireside chat at the Bank of America Securities 2026 Health Care Conference on May 14, 2026. The company is advancing its lead d...
SpaceX may monetize its AI supercomputer by renting Nvidia GPU capacity to AI firms.
SpaceX, known for rocket launches and its Starlink satellite internet, is exploring a new revenue stream by renting out its massive AI supercomputer infrastructure. The Colossus cluster, with about 220,000 Nvidia GPUs and over 300 megawatts of power,...
Nancy Pelosi's Databricks investment surges 302%, fueling Robinhood investors' interest in pre-IPO stocks
Nancy Pelosi's investment in the private software company Databricks has increased by 302% following a recent valuation jump to $134 billion. This surge highlights growing retail investor demand for pre-IPO opportunities, exemplified by Robinhood's V...
OCC warns of complex, interconnected risks in US banking beyond just bank runs.
The Office of the Comptroller of the Currency (OCC) highlights rising interconnected risks in the US banking system, including commercial credit deterioration, cyber threats, fraud, and operational challenges amid a higher-rate, digital financial env...
Cloudflare shares drop 18% after announcing 20% workforce cut driven by AI shift.
Cloudflare reported first-quarter earnings that beat expectations, with revenue of $640 million and earnings per share of 25 cents. Despite this, shares fell 18% after the company announced it will cut over 1,100 jobs, about 20% of its workforce, cit...
Revolving debt, led by credit cards, grows fastest since 2022 as consumers rely on credit for essentials.
Revolving debt, including credit cards, surged at a 9.1% annualized rate in March, marking the fastest growth since 2022. Consumers are increasingly using credit cards to manage everyday expenses amid high borrowing costs and persistent inflation. To...
Financial sector weakness amid S&P 500 rally signals caution for investors.
The financial sector has been underperforming while the S&P 500 rallies, a pattern that has historically preceded major bear markets. This divergence acts as a warning sign for investors, suggesting potential risks ahead despite strong gains in other...